Ron Paul Issues Statement on S&P Downgrading of U.S. Credit Rating




Today, 2012 Republican presidential candidate Ron Paul issued a statement in response to the credit rating agency Standard and Poor’s decision to downgrade the United States’ credit rating from AAA for the first time in history. The ratings agency has removed the United States government from its list of risk-free borrowers, citing concern about the rising burden of long-term federal debt. See comments below.

Ron Paul: “We have just learned that for the first time in our history, the United States’ top credit rating has been downgraded by credit rating agency S&P.

We were told by proponents of increasing the debt ceiling that a credit downgrade would come if we didn’t raise the limit, but the opposite was true.

The ratings agencies had been warning us for some time that it is imperative upon the U.S. government to get its fiscal house in order and tackle its debt and deficit problem by taking serious steps.

Unfortunately, the game in Washington has been one of partisan blaming and bipartisan out-of-control spending.

America has been dealing with this severe economic crisis for years because the Washington establishment failed to focus on the true issues at hand: a declining dollar and out-of-control spending.

Last November, millions of frustrated Americans let it be known that they wanted our debt crisis solved and our spending problem to end. They sent a group of new lawmakers to Washington to end business as usual.

But the old crowd of elites still refuses to budge on doing everything it takes to get us out of this hole they’ve dug. Instead of real substantial budget cuts, we get minor or ‘fake’ cuts and budget tricks that may or may not happen far off into the future. We get a Congress that abdicates its responsibility to an unconstitutional ‘Super Congress’ with the power to make things worse than they already are.

The American people realize that our nation can no longer afford to stay on this same path of reckless spending and follow the status quo of Washington. They will not tolerate any further ineffective stimulus schemes that do nothing to help our economy and actually do the opposite to the tune of trillions of dollars in money being spent and printed, and millions of people remaining unemployed and without much economic stability or security.

If Washington refuses to take heed, there is little cause for optimism.

Growing inflation, rising gasoline and food prices, and trillion-dollar budget deficits will all soon seem like minor issues if our nation does not immediately change our monetary and spending policies.

We must take bold actions to reduce out-of-control government spending, and get the federal government out of the way of small business and entrepreneurs so that they can start hiring again.

If elected President, I pledge to veto any unbalanced budget and to balance the federal budget in the first year of my term. I will fight to reduce taxes and remove unconstitutional regulations so that businesses can hire, Americans can get back to work, and our economy can truly recover.”



style="display:inline-block;width:728px;height:90px"
data-ad-client="ca-pub-3666212842414688"
data-ad-slot="9478233584">

»crosslinked«

Likes(0)Dislikes(0)

15 Comments:

  1. Hi Nice blog site. Would you like to visitor post on my own someday? If that's the case you should tell me by means of e-mail or perhaps answer this particular remark since We subscribed to notifications and can understand should you.

    Likes(0)Dislikes(0)

    Like or Dislike: Thumb up 0 Thumb down 0

  2. Thanks for the blog post, how can I make is so that I receive an alert email whenever you write a fresh article?

    Likes(0)Dislikes(0)

    Like or Dislike: Thumb up 0 Thumb down 0

  3. Hello Nice wewebsite. Do you want to invitee submit on my very own sometime? In that case make sure you let me know via e mail or just answer this kind of comment simply due to the fact My partner and my spouse and i actually subscribed to notices and definately will realize should you choose.

    Likes(0)Dislikes(0)

    Like or Dislike: Thumb up 0 Thumb down 0

  4. Hahahaha, what a funny this YouTube film is! I'm still laughing, thanks to admin who had posted at this web page.

    Likes(0)Dislikes(0)

    Like or Dislike: Thumb up 0 Thumb down 0

  5. This style is spectacular! You obviously know how to maintain a reader amused. Between your wit and your videos, I was almost moved to start my own weblog (properly, almost…HaHa!) Great job. I genuinely enjoyed what you had to say, and much more than that, how you presented it. Too cool!

    Likes(0)Dislikes(0)

    Like or Dislike: Thumb up 0 Thumb down 0

  6. Would really like to perpetually get updated fantastic blog ! .

    Likes(0)Dislikes(0)

    Like or Dislike: Thumb up 0 Thumb down 0

  7. Hi to all, it’s really a good for me to pay a visit this site, it includes helpful Information.

    Likes(0)Dislikes(0)

    Like or Dislike: Thumb up 0 Thumb down 0

  8. This really answered my drawback, thanks!

    Likes(0)Dislikes(0)

    Like or Dislike: Thumb up 0 Thumb down 0

  9. Basically would be to enjoy a web site, I would really prefer similar design. I wanted to commence my own personal blog sites, though styles are quite expensive. At which have you get one? Test the sister’s web-site

    Likes(0)Dislikes(0)

    Like or Dislike: Thumb up 0 Thumb down 0

  10. Congratulations for posting such a useful blog. Your blog isn't only informative but also extremely artistic too. There usually are extremely couple of individuals who can write not so easy articles that creatively. Keep up the good writing !!

    Likes(0)Dislikes(0)

    Like or Dislike: Thumb up 0 Thumb down 0

  11. An further issue is really that games has become one of several all-time most critical forms involving fun for individuals of every age group. Kids enjoy video video games, and grown ups do, too. The actual Xbox 360 has become the favorite games systems for many who love to have hundreds of games available in their mind, and additionally who prefer to experiment with live with people worldwide. Many cheers for sharing your thinking.

    Likes(0)Dislikes(0)

    Like or Dislike: Thumb up 0 Thumb down 0

  12. Very very good publish, thank that you simply lot regarding sharing. Do one happens a great RSS feed I'm able to subscribe in order to?

    Likes(0)Dislikes(0)

    Like or Dislike: Thumb up 0 Thumb down 0

  13. Outstanding read, I just passed this onto a colleague who was doing a little research on that. And he really bought me lunch because I found it for him smile So let me rephrase that: Thanks for lunch!

    Likes(0)Dislikes(0)

    Like or Dislike: Thumb up 0 Thumb down 0

  14. This is a good posting, I was wondering if I could use this write-up on my website, I will link it back to your website though. If this is a problem please let me know and I will take it down right away

    Likes(0)Dislikes(0)

    Like or Dislike: Thumb up 0 Thumb down 0

  15. I was looking at some of your blog posts on this site and I believe this website is very instructive! Keep posting.

    Likes(0)Dislikes(0)

    Like or Dislike: Thumb up 0 Thumb down 0

Leave a Reply

Your email address will not be published. Required fields are marked *


+ one = 6

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>